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20121008
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in the debate last night. you talk about health-care stocks. let's take a look. there was a lot of criticism by romney of the obama health-care program, so we saw hospital stocks like tenet and ata fall by 2%, humana up there, and looking at health insurers like billionpoint also responding on the upside so what were you telling your clients today what to do with the health care stocks? >> well, one of the things we've been tracking as the corelation between health-care stocks in general and the possibility of obama winning a re-election versus romney, the challenger coming in and wing. and what happens is there is a divergence. healthare in general tends to dokay if people think romney is going to be re-elected and that is overall. but health care really breaks down to the service providers like the hospitals. which would actually severely benefit quite a bit if obama care continued on as planned. but if we had someone like romney come and take over and you know do what he says to get rid of obama care the folks who provide service are certainly going to be adversely affected. the folks tha
not be at the core of the debate. the health-care programs are a significant concern. in fact, one of the interesting things is that if we had a health-care system that was as efficient as some of the european health-care systems, we would have no deficit. so that in fact it's the inefficiency of our health-care system that is a major cause of our deficits. so my mind our focus should be -- >> to make it more efficient. >> and the health-care reform passed by the congress did it do that. >> it was a move in the right direction. >> didn't go far enough. >> it didn't go far enough. and some of the things are going to take awhile. look there was a lot of pushback from the say the pharmaceutical industry. one of the things is that in the bill that was passed that provided for the drug benefit there was a provision that gave the drug companies huge amounts of money. that was cut back just a little bit. health insurance companies still get excess profits. so we have a lot of that in this part of the health-care system that we could take out. the problem is that the kinds can of proposals that say ryan put
what ryan says about vouchers. >> well, the whole healthcare debate was a pretty good proxy for the larger debate. romney had his five points against the president. he talked about these panels which there's a panel called death panels. he talked about the $716 billion cut. the president's response was he kind of backed into his response figuring he would expin it and everybody would be smart enough to see the absurdity of mitt romney but he was not clear and on point. particularly on this voucher question, and what romney would propose with paul ryan to do to medicare. i mean, this is where i heard from a couple republicans well now we're on to medicare and this is where the president will just clobber him because it's an issue that's very sensitive and it's one in which mitt romney basically if we get back to this question in secrecy, romney's answer to how are you going to do this, how are you going to cap the ryan of healthcare inflation without hurting quality he basically says well the free market will figure that out which is to say there's not many details about it.
really distracting and really unclear, in fact, untrue statements about healthcare where he said i am for coverage for preexisting conditions, his people later on said he wasn't and he said, in fact, before that he never was really for covering preexisting conditions unless, you know, it is paid for, ahead of time during, you know, continuing coverage, and a couple of times in the last week he said things like well if you get sick we won't let you die in your apartment and get you to er and yet came on last night talking about a national health plan he had which he really doesn't have. i thought he got away with a lot of things showing sympathy for social security recipients when in the tape recently exposed it was clear he had no sympathy for people he sees as parasites so i just thought the president, he didn't use his synapse and bring out things that weren't brought up by someone else and didn't really clarify what the difference was between what romney was saying last night and what he said in the very recent past. >> rose: so how do you explain the fact that the president did no
tarrant more productive and is potentially making a healthcare system that's got some big challenges a little more efficient, one record at a time. ruben ramirez, "n.b.r.," new york finally the unemployment rate remains stubbornly high and frustrating regardless of where you may be in your career it may be time to call yourself boss. here's tonight's commentator. >> for the young it's just a reflection of our sluggish economy. but for those over 50 it feels like they're being passed over because of their age. meanwhile it's precisely those older workers who have the most experience and expertise in the real world. if we're going to get our economy thriving again, we can't let that wisdom go to waste. those who are unemployed and over 50 should consider self-employment as a way to reenter the workforce. for its past 30 years we've been shifting from a w-2 economy to a 1099 economy. in other words, more and more companies are using contract workers and consultants to get things done. and that represents a huge opportunity for people with experience and expertise. and best of all, you d
that is concentrated, most recently in education and healthcare. a little bit of positive news coming from construction. but in a lot of the business services and goods-producing industries and manufacturing, things look pretty soft at this moment. >> reporter: in addition, 2,000 temporary jobs were cut, which is often looked at as a barameter of future employment. but, the average work week rose to 34-and a half hours... and employers typically boost the workload of existing staff.. before taking on new workers. with all these cross-currents, the employment situation may be but the bottom line seems to be that the economy is improving, but not nearly as quickly as most people would like. >> we lost so many jobs during the great recession, that we are slowly clawing our way out of that hole.. but still at a pretty slow pace." >> reporter: the government's next jobs report will come out just 4 days before the presidential election. by then, many voters will have made up their minds. so, the impact of today's data may be more political.. than economic. erika miller, nbr, ny >> reporter: the employment r
healthcare. i don't want them to tell me that i can't go to a-- my own doctor. and right now my family physician has a sign in the window that says, no obamacare. i'm scared. >> reporter: go ahead, chastity. >> but i think at the end of the day government is there like they said to kind of protect us. i'm not saying that it should take over completely, no, because we are democracy. we do have free reign, we, we are the deciding factor in our community or in our nation, but they should step in and like, president obama said that i do like, and i agree with is that they should set the framework in how it should be done and what needs to be taken care of. >> reporter: was this worthwhile as an exercise? was it worthwhile for six american voters to sit down and watch this thing? are you going to watch the rest of them along the way? so you're gluttons for punishment. thank you all for joining me and thanks for watching with me and it was a very interesting evening. thank you very much. >> woodruff: and for more debate reaction, we turn to margaret warner. >> warner: for that, we turn to ou
Search Results 0 to 6 of about 7